[…] what is China’s game? Why did China, in the words of a UK-based analyst who also spent hours in heads of state meetings, “not only reject targets for itself, but also refuse to allow any other country to take on binding targets?” The analyst, who has attended climate conferences for more than 15 years, concludes that China wants to weaken the climate regulation regime now “in order to avoid the risk that it might be called on to be more ambitious in a few years’ time”.

This does not mean China is not serious about global warming. It is strong in both the wind and solar industries. But China’s growth, and growing global political and economic dominance, is based largely on cheap coal. China knows it is becoming an uncontested superpower; indeed its newfound muscular confidence was on striking display in Copenhagen. Its coal-based economy doubles every decade, and its power increases commensurately. Its leadership will not alter this magic formula unless they absolutely have to.